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Europe open: Stocks drop as bond yields surge worldwide
Stocks across Europe dropped on Wednesday morning on the back of surging bond yields across the globe.
Petrofac wins three-year contract extension with Repsol Sinopec
Energy services company Petrofac has scored a three-year contract extension with Repsol Sinopec Resources UK valued at more than $100m.
Topps Tiles to hit market share targets early after record year
Topps Tiles said that profits are expected to hit consensus forecasts as it reported its third year of record turnover despite sales growth "moderating" in the fourth quarter.
Vertu Motors delivers record H1 revenues
Automotive retailer Vertu Motors has reported record revenues, year-on-year profit and dividend growth for the six months ended 31 August.
London open: Stocks fall amid bond market selloff; Tesco rallies
London stocks fell in early trade on Wednesday following weak US and Asian sessions, as worries about higher-for-longer rates rattled investors.
QinetiQ wins $127m five-year US contract
QinetiQ said on Wednesday that it has been awarded a five-year $127m contract in the US from the Office of the Secretary of Defense Strategic Capabilities Office (SCO).
Tesco ups profit guidance as first-half sales rise 9%
Tesco has hiked its retail profit and cash flow targets after a strong first half, with sales rising on the back of easing inflation.
Spirent Communications cuts near-term outlook
Spirent Communications cut its near-term outlook on Wednesday as it pointed to an "extremely challenged" telecommunications market and the fact its largest customers are delaying expenditure and technology investments.
Tesco hikes retail profit target, Renewi set to end year as expected
London open The FTSE 100 is expected to open points lower on Wednesday, having closed down 0. 54% on Tuesday at 7,470. 16.
London pre-open: Stocks seen down on US rate worries
London stocks were set to fall at the open on Wednesday following heavy losses on Wall Street and in Asia, amid worries about US rates.
Wednesday newspaper round-up: Rail strikes, HS2, Apple
Rail passengers in England face another day without trains on Wednesday as a strike by train drivers halts most services. Members of the Aslef union are on strike for the second time in four days, in a 24-hour walkout timed to coincide with the final day of the Conservative party conference in Manchester. – Guardian.
US close: Stocks slide as investors digest jobs data
Wall Street encountered renewed strain through the close on Tuesday, with stocks experiencing a notable dip while bond yields persistently edged higher.